The government will report the latest numbers on the U.S. economy on Friday and they are expected to be good but as MarketWatch's Jim Jelter reports the data may be deceiving. (Photo: Getty Images)

This transcript has been automatically generated and may not be 100% accurate.

I ... the ... the latest government report card on U S economy on Friday expectations or it's going to be a good one ... by Amgen Jelter MarketWatch and economists that we serve and are protecting the Commerce Department's can report the economy grew three point two percent ... in the first three months of year ... that's up from just zero point four percent in the fourth quarter ... if their predictions are correct ... it'll be the economy's fastest annualized growth rate in over a year ... pretty good right ... well maybe not the former imports in and out ... economists are warning some of the expected gains are probably new to the first quarter ... and not likely to set a trend for the rest of the year ... so what makes them so skeptical ... several but it's ... one of them is the anticipated jump in Pentagon spending which was extremely weak in the fourth quarter ... in many ways the military is trying to make up for lost time ... that's likely to give a big boost overall government spending and with the sequester now employs ... one I'm going to see that again in the second quarter ... another reason economists expect the surge in GDP is the bin rising inventories company has been building up over the past three months ... this is a little like always seen in the military ... after over stocking the shelves in the third quarter ... companies don't the fourth quarter selling off those inventories ... seven on very well ... the first quarter was a period of restocking ... which suggests that the second quarter is going to be another period of two stall ... and then there's the consumer ... consumer spending was up at a brisk three percent pace the first quarter ... the most economists don't think that's sustainable ... that's partly because the payroll tax break that we've enjoyed these past few years ... was not renewed so for most of this ... our taxes went up ... at the same time wages and salaries for most employees of been stagnant ... thus hurting the rate of savings at some point Americans are going to put two and two together ... and it just play tightening their belts ... yet ... pushing the economy back in this slow growth ... meanwhile the sharp jump in home prices is expected to love a lot ... which will slow down Construction span ... add it all up and economists warned that it usually Sperling GDP growth of the first quarter ... probably isn't going to set a trend for the rest of it ...